Alpha company manufactures a single product.

Unit costs are: $/Unit

Variable production cost 14.75	Fixed production 7.30
Variable selling 2.60	Fixed selling 4.45

400,000 units of the product were manufactured in a period, during which 394,000 units were sold. There was no inventory of the product at the beginning of the period.

Required:

a) Use Marginal costing to calculate the total value of the finished goods inventory at the end of the period.